Author Credit:This blog is adapted from an article by Muhammad Rizwan-ul Haque, Founding Chairman of Dawood Family Takaful, CEO of an Investment Bank, and Director of a Trust. The original article was published on July 3, 2015. Introduction Banking is often viewed as the backbone of the modern economy. Banks collect deposits, provide loans, support businesses, and facilitate financial activity. However, from an Islamic finance perspective, a deeper question must be asked: do

Author Credit:This blog is adapted from an article by Muhammad Rizwan-ul Haque, Founding Chairman of Dawood Family Takaful, CEO of an Investment Bank, and Director of a Trust. The original article was published on July 3, 2015. Introduction Islamic banking was established with a noble and sincere objective: to provide Muslims with a financial system free from Riba. Since conventional banking was based on interest, scholars, economists, and financial experts began working on a

Author Credit:This blog is adapted from an article by Muhammad Rizwan-ul Haque, Founding Chairman of Dawood Family Takaful, CEO of an Investment Bank, and Director of a Trust. The original article was published on June 30, 2015. Introduction The concept of Time Value of Money, commonly known as TVM, is one of the foundations of modern finance. It suggests that money available today is worth more than the same amount of money received in the future. In conventional finance, th